03/06/2020
PRESS RELEASE ON BEHALF OF:
THE INTERNATIONAL AVIATION GROUP & GRANT THORNTON
June 2020
Airline & MRO Recovery and Restructuring.
Due to the effects of COVID-19, the prevailing market is for some Airlines and MRO’s very uncomfortable and economically challenging. The longer our industry suffers the more likely that Airlines & MRO’s will be distressed and suffer cash flow problems.
The International Aviation Group (IAG) have partnered with Amaechi Nsofor of Grant Thornton (London) the global accountants – Mr Nsofor and his team have for more than 15 years, advised lenders and companies on multiple challenging and high-profile projects including: JJB Sports, Aston Martin, Amtel Vredestein, Opal Property Group and Alternative Hotel Group.
As a team we will offer any distressed aviation business the opportunity for a full business review which will provide the stakeholders/management with a range of costed and referenced recovery solutions. IAG is providing the in-depth knowledge and technical know-how whilst Grant Thornton complement this with a full accountancy and financial assessment and proposals.
The IAG team is headed up by Malcolm Cox who was until recently the interim post holder for Continuing Airworthiness Management, at Flybe Airline, currently he is acting as the Interim Accountable Manager (MD) for a distressed component overhaul facility and is also currently the Nominated Person for Continuing Airworthiness Management for London’s Air Ambulance. He is supported by Andrew Huntly who was until recently the European Sales and Marketing director for Virgin Airways – and in support there is a full team of very experienced and qualified professionals.
The team cover: Recovery, Re-Financing and Restructuring.
Two service levels: Either a short 4 week review or a full team restructuring programme.
Phone consultancy: A FREE initial one hour consultancy (by prior arrangement)
Please contact:
Amaechi Nsofor: [email protected]
Malcolm Cox: [email protected]
Stuart Harrison: [email protected]
